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- Chrysler recalls 469,000 SUVs worldwide over gearshift issue
Chrysler Group is recalling about 469,000 SUVs worldwide to update software after some vehicles' circuit boards were found to be transmitting signals that trigger inadvertent gearshifts to neutral, the automaker said Saturday.
Переслать - Fiat dealers anxious for broader product lineup
Some of the 204 Fiat dealers in the United States are struggling to turn a profit selling several versions of the Fiat 500 subcompact and some dealers said they anxiously await more details from Chrysler and its Italian parent, Fiat S.p.A.Переслать - N.J. dealership sues Chrysler to prevent franchise terminations
A Chrysler Group dealership in central New Jersey has filed a lawsuit to halt the automaker's efforts to terminate the dealership's franchises for failing to improve to factory standards.Переслать - Colorado franchise bill headed to governor
Dealer-backed legislation introduced last month in Colorado to significant manufacturer opposition has passed the state Legislature and is headed to the governor.Переслать - Magna stock hits record high as Q1 profits improve, forecast rises
Magna International shares hit a record high today as the Canadian supplier hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.Переслать - Penske raises dividend 7%
Penske Automotive Group increased its quarterly dividend by 7 percent, to 15 cents per share, for the first quarter, the company announced today.Переслать - NLRB likely to certify UAW to represent Flex-N-Gate workers at Texas plant
The National Labor Relations Board likely will issue a certification today confirming the UAW as bargaining representative for hourly workers at a Flex-N-Gate Corp. plant in Arlington, Texas.Переслать - Porsche unit names Joe Lawrence as new COO for U.S.
Porsche Cars North America is bringing in Joe Lawrence, CEO of Canadian operations, to take over as COO in the United States, the company's largest market.Переслать - Hyundai mulls 4th China plant, vice chairman says
Hyundai Motor is considering building a fourth car plant in China, its vice chairman said today, as the company seeks to increase production overseas to counter the effect of a firm local currency, a falling yen, and labor issues.Переслать - Airbag supplier Takata names first foreign president
Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post.Переслать
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